Bitcoin miner Northern Data mulls IPO for its AI unit: Report

Despite a failed $100 million funding round leading to the resignation of Binance.us CEO, Brian Brooks, the exchange still has its sights set on launching an IPO. Regulatory concerns surrounding Binance.us and its owner, Changpeng Zhou (CZ), have reportedly culminated in investors backing out of a $100 million funding round.The failed funding round also prompted…

Bitcoin (BTC) price finally witnessed a significant 7% pullback on Dec. 11 as multiple indicators flashed sell-signals and traders booked profits. Bitcoin's ability to hold above $42,000 will determine whether this crash is a buy-the-dip opportunity or a general market reversal. Short-term volatility or big trend reversal?The sharp BTC price drop observed on the daily chart

A new report from Big Four audit firm Ernst & Young (EY) outlines the assets and debts of  major Canadian crypto exchange QuadrigaCX and its subsidiaries. The report was released on EY site on May 9.EY — a monitor to the creditor proceedings of now-defunct QuadrigaCX — has published a trustee’s preliminary report revealing that…

From the COVID-19 pandemic to mass-scale money printing and social unrest, 2020 was a wild year. Alongside a barrage of newsworthy events, Bitcoin (BTC) also turned in a standout year in the price category, ultimately rising from $3,600 to past $41,950, besting its 2017 all-time high of $19,892. A number of events, both crypto-specific and mainstream,…

The United Kingdom’s tax, payments and customs authority Her Majesty’s Revenue & Customs (HMRC) has reportedly requested that digital currency exchanges provide it with information about customers’ names and transactions aiming to identify cases of tax evasion.Crypto exchanges come under fireAccording to fintech-focused media outlet Coindesk, industry sources said that the agency has sent letters…

Tether supply surges to $15 billion but it could still be a house of cards The surging DeFi sector has resulted in a mass minting of Tether in 2020 — including $3B last month alone — which has pushed its market capitalization over $15 billion.At the beginning of the year there was just over $4…

As much as I believe that blockchain technology has the potential to solve many of the problems humanity faces today, I also fear what can happen if blockchain technology is used to take away the privacy and rights of individuals.Do you want to live in a world where every purchase you make and every interaction…

The first DEX on Cardano launched on the mainnet today to allow traders to perform swaps and add liquidity, but network congestion has slowed transactions processing. 874 Total views 10 Total shares Cardano’s first decentralized app (DApp) SundaeSwap has launched but is causing a frustration among users due to congestion, platform errors and failed transactions.Is…

Binance chief executive officer Changpeng Zhao said that trading activity across major crypto exchanges had increased between 3 to 5 times. This is a bullish sign as it “means there are a lot more people coming into the industry.” While quantitative easing and fresh money coming into cryptocurrencies is a positive development, the bull run…